Shopping centers, both fully vacant and partially vacant, have close proximity to people, and their large footage can handle large cases as mobile hospital units, emergency mask production, storage of basic goods, etc.
Home showings data from SentriLock®, LLC, a lockbox company, shows that homebuyer traffic increased in February 2020 compared to the prior month and one year ago.
While measures are being taken to keep people safe and avoid overloading the hospital system beyond capacity, they have an economic cost in terms of lost revenues, especially in states where these industries comprise a larger share of their economic output and employment should there be some temporary layoffs. States need to plan to mitigate these economic impacts.
How does the Washington, D.C. area compare to national figures on homebuyers? This post takes a look at the housing market in both the District of Columbia and Montgomery County.
At the national level, housing affordability conditions improved in January 2020 compared to last a year ago and rose compared to December 2019.
Nationwide, 37% of the millennial renters can afford to buy the typical home compared to 40% of Gen X renters.
Single female buyers accounted for the second-largest segment of the homebuyers at 17%, right after married couples. NAR identified the metro areas with the highest homeownership rates for single women.
The coronavirus is leading to fewer homebuyers searching in the marketplace, as well as some listings being delayed.
Economic activity early in the year usually provides useful clues about the future. Let’s take a deeper look at some of the economic factors expected to affect the housing market at the national and local levels.
Single female homebuyers have historically been second only to married couples since 1981. They are a celebrated force in the home buying market, and are currently 17% of the buying market.
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